Guideline Value for Kareem MohideenSahib 4thlane

Kareem MohideenSahib 4thlane guideline value

The current guideline value of Kareem MohideenSahib 4thlane is Rs 3,900 per sq.ft. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Kareem MohideenSahib 4thlane has changed

The guideline value for Kareem MohideenSahib 4thlane has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 749 per sq.ft. In 2003, it increased to Rs 826 per sq.ft, marking a 10% rise. The value then rose significantly to Rs 1,500 per sq.ft in 2007, an increase of 82%. Following that, the guideline value jumped to Rs 3,600 per sq.ft in 2012, reflecting a substantial 140% increase. However, it decreased to Rs 2,412 per sq.ft in 2017, showing a decline of 33%. The value then rose again to Rs 3,600 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, representing an 8% increase from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 421%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing the 2024 figure for Kareem MohideenSahib 4thlane below this median.

• Kareem MohideenSahib 3rdane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 5th lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 2nd lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 6th lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 1st lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 7th lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kareem MohideenSahib 4thlane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, these fees would total Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kareem MohideenSahib 4thlane?

The Sub Registrar Office that covers Kareem MohideenSahib 4thlane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Egmore

The guideline value is a crucial factor when buying or selling property in Egmore, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duties are calculated based on this guideline value or the sale price, whichever is higher.

It is essential for both parties to understand that the guideline value may influence negotiations and the overall transaction process. Ensuring that the property is registered at the correct guideline value helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kareem MohideenSahib 4thlane?

The current guideline value of Kareem MohideenSahib 4thlane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 749 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 421% over the years.

What is the land classification for Kareem MohideenSahib 4thlane?

The land classification for Kareem MohideenSahib 4thlane is Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for Kareem MohideenSahib 4thlane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the total fees would include a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.